Ex-Dividend Date Insight: Ritchie Bros Auctioneers

Ritchie Bros Auctioneers RBA declared a dividend payable on June 16, 2021 to its shareholders as of May 7, 2021. It was also announced that shareholders of Ritchie Bros Auctioneers's stock as of May 26, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Ritchie Bros Auctioneers has an ex-dividend date set for for May 25, 2021. The company's current dividend payout is $0.22, which equates to a dividend yield of 1.33% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Ritchie Bros Auctioneers's Dividend Performance

Over the past year, Ritchie Bros Auctioneers has seen its dividend payouts remain the same and its yields climb upward overall. Last year on November 24, 2020 the company's payout sat at $0.22, which has returned to its value today. Ritchie Bros Auctioneers's dividend yield last year was 1.0%, which has since grown by 0.33%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Ritchie Bros Auctioneers's previous dividends.